v3.25.2
Investments (Tables)
 6 Months Ended
Jun. 30, 2025
Investments, Debt and Equity Securities [Abstract]  
Summary of Investments

Below is a summary of investments, which are measured at fair value as of June 30, 2025 (in thousands):

 

 

 

Cost

 

 

Gross Unrealized Gains

 

 

Gross Unrealized Losses

 

 

Fair Value

 

Corporate bonds

 

$

2,427

 

 

$

2

 

 

$

(14

)

 

$

2,415

 

Government securities

 

 

38,543

 

 

 

109

 

 

 

-

 

 

 

38,652

 

Total

 

$

40,970

 

 

$

111

 

 

$

(14

)

 

$

41,067

 

Below is a summary of investments, which are measured at fair value as of December 31, 2024 (in thousands):

 

 

 

Cost

 

 

Gross Unrealized Gains

 

 

Gross Unrealized Losses

 

 

Fair Value

 

 

Corporate bonds

 

$

4,249

 

 

$

1

 

 

$

(38

)

 

$

4,212

 

 

Government securities

 

 

36,003

 

 

 

258

 

 

 

-

 

 

 

36,261

 

 

Total

 

$

40,252

 

 

$

259

 

 

$

(38

)

 

$

40,473

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
Schedule of Gross Unrealized Losses and Fair Values of Available-for-sale Investment Securities that were in Unrealized Loss Positions

The gross unrealized losses and fair values of available-for-sale investment securities that were in unrealized loss positions were as follows (in thousands):

 

 

 

Less Than 12 Months

 

 

12 Months or More

 

 

Total

 

 

 

Fair Value

 

 

Unrealized Loss

 

 

Fair Value

 

 

Unrealized Loss

 

 

Fair Value

 

 

Unrealized Loss

 

June 30, 2025

 

 

 

 

 

 

 

 

 

Corporate bonds

 

$

1,528

 

 

$

(7

)

 

$

718

 

 

$

(7

)

 

$

2,246

 

 

$

(14

)

Total

 

$

1,528

 

 

$

(7

)

 

$

718

 

 

$

(7

)

 

$

2,246

 

 

$

(14

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Less Than 12 Months

 

 

12 Months or More

 

 

Total

 

 

 

Fair Value

 

 

Unrealized Loss

 

 

Fair Value

 

 

Unrealized Loss

 

 

Fair Value

 

 

Unrealized Loss

 

December 31, 2024

 

 

 

 

 

 

 

 

 

Corporate bonds

 

$

2,257

 

 

$

(19

)

 

$

1,043

 

 

$

(19

)

 

$

3,300

 

 

$

(38

)

Total

 

$

2,257

 

 

$

(19

)

 

$

1,043

 

 

$

(19

)

 

$

3,300

 

 

$

(38

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
Schedule of Contractual Maturities of Available-for-sale Investment Securities

As of June 30, 2025, the contractual maturities of available-for-sale investment securities were as follows (in thousands):

 

 

 

Amortized Cost

 

 

Fair Value

 

Due in one year or less

 

$

40,246

 

 

$

40,349

 

Due after one year through five years

 

$

724

 

 

$

718

 

Total

 

$

40,970

 

 

$

41,067